Welcome to 825 N Hobart Blvd, a prime East Hollywood investment opportunity. Nestled in the vibrant and rapidly evolving Melrose Hill enclave of East Hollywood, 825 N Hobart Blvd presents a rare opportunity to own a fully-permitted, income-generating asset in one of LA's most dynamic neighborhoods. This two-story triplex is… Read More complemented by two newly constructed 2-bedroom, 1-bathroom ADUs, offering a total of five distinct units: four 2-bed, 1-bath units, and one expansive 5-bed, 3-bath unit. Each unit is individually metered, providing ease of management and optimal utility efficiency for both tenants and ownership. Whether you're an investor seeking strong cash flow. With all work fully permitted, and a projected Cap Rate of 6.69% and GRM of 10.93, this asset checks all the boxes for value, performance, and long-term growth potential. Located next to some of LAs newest top restaurants, art galleries and production studios. This is a Must See! Read Less
Property listed by Figure 8 Realty, Edward Faktorovich 213-537-0114
Listing Snapshot
Days Online
25
Last Updated
Property Type
Other
Beds
13
Square Ft.
4,312
Lot Size
0.14 Acres
Year Built
1924
MLS Number
25524217
30 Days Snapshot Of 90029
$782k
-35%
(avg) sold price
4
+33%
homes sold
98
+78%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Disposal, Refrigerator, Dryer, Washer
Building
Built in 1924, Building area total: 4,312, Levels: Two, Living area: 4312, 2 stories, 2 buildings
Heating
WallFurnace
Income
Gross income: $169,260, Net operating income: $123,758
Lot
0.1389 acres, 6,051 square feet, Size: 6,051
Parking
3 totals parking, Driveway
Property
Zoning: LAR1
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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